Affordable Housing & Community Development
LINK Management has been involved with a large number of quality affordable housing projects throughout the State of Indiana. Our experience has helped further the mission of non-profit and for-profits alike, benefited older adults, low-income families and supported local initiatives.
We have experience with housing projects that utilize numerous sources of capital and incentives to be able to provide high quality, affordably priced housing. These funding sources include:
Rental Housing Tax Credits (RHTC)
The Rental Housing Tax Credit (RHTC) is a tax incentive program established under Section 42 of the Internal Revenue Code to provide an incentive to developers to provide affordable rental housing. These federal income tax credits offset the building acquisition, new construction and/or substantial rehabilitation costs for rental housing developments.
The Home Investment Partnership Program (HOME)
HOME is the largest Federal block grant to state and local governments designed exclusively to create affordable housing for low-income households.
The HOME program helps to expand the supply of decent, affordable housing for low and very low- income families by providing grants to States and local governments called Participating Jurisdictions or "PJs". PJs use their HOME grants to fund housing programs which meet local needs and priorities.
Affordable Housing Program (AHP)
The Affordable Housing Program (AHP) has developed into one of the most flexible funding sources available for housing projects. The goal of the AHP is to provide housing opportunities for families whose incomes are 80% or less than the area median. Since 1990 the FHLBI has awarded more than $152 million for single and multi-family housing initiatives, with 10% of net earnings allocated for the program each year. The program can fund the acquisition, construction or rehabilitation of properties for use as affordable housing.
Neighborhood Stabilization Program (NSP)
The Neighborhood Stabilization Program (NSP) was established for the purpose of stabilizing communities that have suffered from foreclosures and abandonment. Through the purchase and redevelopment of foreclosed and abandoned homes and residential properties, the goal of this program is being realized.
Conventional Financing
Conventional Housing is a mortgage loan obtained without any additional guarantees for repayment and is usually given at an 80% loan-to-value ratio.
LINK Management can provide valuable assistance with, and has an excellent track record of success in completing projects on time, within budget and in conformance with the complex requirements of the multitude of funding sources. We take pride in partnering with a wide variety of organizations and providing them with the best possible services.
Owner Representation
As an Owner's Representative, we bring control to the design and development process, making sure that the Owner's best interests are at the heart of every decision made. The foundation of LINK Management's success comes from our knowledge, ideas and solutions.
LINK Management's staff is versed in design, construction and maintenance; we pull from our combined experience to solve problems and offer creative solutions. We are able to facilitate the overall coordination efforts between the design team members, ensuring that important issues receive the proper attention and resolution.
During the construction phase, LINK Management will spend significant time on the construction site. When complicated issues arise, we will explore all of the possible implications, distill the information, and provide the Owner with a concise set of options, clearly defined, along with a recommended course of action.
Our approach is different than a typical construction managerĀ whose fees are based on a percentage for their involvement. We base our fees on actual hours devoted to our projects. This method has proven to be fair and effective since different levels of involvement are required for different Owners who possess varying levels of experience in the planning and development of their project.
Other Owner's Representative services include:
• Project scope definition and planning
• Conceptual design
• Preliminary scheduling and budget estimates
• Preparation of request for proposal/bid (RFP/B) documents
• Selection of design professionals
• Review of contract documents throughout design stage
• Pre-qualification of contractors and sub-contractors
• Contract negotiations
• Owner representation at design team meetings
• Status reports of project
• Oversight of contractors during construction
• Review of change orders, lien waivers and application for payments
• Inspection during construction for compliance with scope, funding commitments and contract documents
• Project close-out
Development
LINK has been involved with various types of residential real estate development. Whether your affordable housing project is new construction, or the rehabilitation of existing structure(s), the diversified experience of the LINK team, and our network of qualified and professional contractors are at your disposal. LINK's development management expertise saves your construction project both time and money and provides the strategic, value-added services to ensure project success.
Consulting
LINK Management's professionals have a wealth of knowledge and decades of experience that qualify them as experts in the construction industry. Our consulting services include:
• Project feasibility
• Cost estimating
• Capital needs assessment
• Site selection
• Scheduling
Compliance
Affordable housing projects come with unique and complex requirements. Whether it is commitment conformity, funding source regulations or state/local government procedures, LINK Management can help you adhere to, and successfully navigate all of the rules and regulations specific to your project.
Please contact us for additional information regarding our Affordable Housing & Community Development services.
